Lake Balboa Homes under $1.5 million

Welcome to Lake Balboa, a hidden gem nestled in the heart of the San Fernando Valley in Los Angeles County, California. Known for its serene atmosphere and beautiful landscapes, Lake Balboa offers a perfect blend of suburban tranquility and urban accessibility. The region is named after its picturesque lake, which serves as a centerpiece for outdoor activities and community gatherings. With lush parks, walking trails, and a vibrant local scene, residents enjoy a lifestyle that emphasizes both relaxation and recreation.

One of the most appealing aspects of Lake Balboa is its diverse range of homes, particularly for those seeking properties under $1.5 million. Here, you can find charming single-family homes, modern townhouses, and spacious condos, catering to various tastes and lifestyles. Many of these residences are equipped with desirable features such as updated kitchens, spacious backyards, and proximity to local parks and schools.

Living in Lake Balboa means embracing a community that values both nature and convenience. The area is well-connected to major freeways, making it easy to access all that Los Angeles has to offer, from cultural hotspots to shopping destinations. Additionally, the local schools are well-regarded, making it an ideal choice for families looking to settle down.

Whether you’re a first-time homebuyer or looking to invest in a property that offers both comfort and potential, Lake Balboa presents an array of opportunities. Discover your dream home in this charming neighborhood, where community spirit and scenic beauty come together beautifully.

Newest Lake Balboa Homes under $1.5 million

$1,300,000

9 Beds ⋅ 7 Baths ⋅ ACTIVE Status

16057 Hartland Street presents a compelling opportunity to acquire a five-unit multifamily investment in a solid Van Nuys location, offering investors an attractive combination of current income and long-term rental growth. The property features a desirable unit mix of three one-bedroom/one-bathroom units and two three-bedroom/two-bathroom units.The two three-bedroom units were constructed in 2009 and are not subject to the Los Angeles City Rent Stabilization Ordinance (RSO),but are subject to CA State rent control, AB 1482. This allows an investor greater flexibility to capture future rental growth on the property's largest units without the LA City RSO restrictions. Residents enjoy proximity to Lake Balboa, the Sepulveda Basin Recreation Area, major shopping and dining corridors, and some of the San Fernando Valley's most established employment centers.Convenient access to the 405 and 101 Freeways provides connectivity throughout the Valley, Westside and greater Los Angeles. 16057 Hartland Street represents an opportunity to acquire a desirable multifamily asset with combination of two RSO-exempt three-bedroom units, a diversified unit mix, substantial parking and a strong Van Nuys location.

16057 Hartland St, Van Nuys

Courtesy of Marcus & Millichap, Brett Sanson - CA DRE#01387480

$720,000

2 Beds ⋅ 1 Baths ⋅ ACTIVE Status

This adorable 2-bedroom, 1-bath home offers a beautifully redesigned living space with thoughtful upgrades throughout. Move-in ready and full of charm, this inviting little blue house is the perfect alternative to renting or condo living. Step inside to discover new flooring in the living room, creating a warm and welcoming space to unwind. The remodeled kitchen blends style and functionality with updated finishes, a stainless steel stove, and a premium Bosch dishwasher, making everyday living both comfortable and convenient. Major improvements have already been completed, including copper plumbing and new Milgard dual-glazed windows for added efficiency, comfort, and peace of mind. Outside, the expansive lot offers endless possibilities for gardening, entertaining, expansion, or simply enjoying your own private outdoor space. A covered porch area creates the perfect setting for relaxing evenings or weekend gatherings with family and friends. Why share walls or pay HOA fees when you can enjoy the privacy and freedom of owning your own home? With its character, updates, oversized lot, and potential for an ADU, this charming property offers a rare opportunity to own a detached home that truly feels like your personal retreat.

7444 Oak Park Ave, Van Nuys

Courtesy of Compass, Karen Menjivar - CA DRE#01821901

$535,000

2 Beds ⋅ 3 Baths ⋅ ACTIVE Status ⋅ Balboa Park West Villas HOA BLDG.

Beautifully updated multi-level townhome-style residence offering a spacious, open-concept floor plan, private direct-access two-car garage, multiple balconies and resort-style community amenities in a desireable Van Nuys location near the Encino border and Lake Balboa. Enter through the gated community and enjoy the convenience of a private two-car garage with stackable washer and dryer and direct interior access. The lower level includes a versatile bonus area ideal for additional storage, a home office, fitness area or flexible-use space. The main living level opens to a bright and inviting living, dining and kitchen area featuring light wood-look-flooring, crown molding and recessed lighting throughout. A striking white brick fireplace with mantel creates a beautiful focal pont in the living room, while sliding doors open to a private balcony overlooking the community grounds and pool area. The updated kitchen features abundant cabinetry, dark stone-style countertops, decorative tile backsplace, stainless steel farmhouse-style sink and stainless steel appliancees, including an LG dishwasher and gas range. A convenient powder room and coat closet complete the main living level. Upstairs are two generously sized bedrooms and two additional bathrooms. The larger bedroom features crown molding, ample closet space and access to a private balcony with elevated neighborhood and community views. The beautifully updated hall bathrom showcases marble-look tile, a deep soaking tub, contemporarary vanity, recessed lighting and a Bio Bidet toilet. The second bedroom features its own en-suite bathroom with wood-look tile, frameless glass shower enclosure, contemporary floating vanity and an impressive multi-function shower system with overhead rainfalll shower system with overhead rainfall shower and multiple body sprays. Additional highlights include central HVAC, extensive recessed lighting, crown molding, updated flooring, contemporary bathroom finished and multiple private outdoor spaces. Enjoy the community swimming pool and spa surrounded by lounge seating and outdoor tables, along with a convenient pool-area restroom and shower. With its gated setting, direct-access two-car garage, beautifully updated kitchen and bathrooms, fireplace, multiple balconies, flexible bonus space, pool and spa, this residence offers an exceptional combination of comfort, convenience and Southern California living.

6840 Balboa Blvd Unit 507, Los Angeles

Courtesy of MATT ROTH, Matt Roth - CA DRE#01153470

$949,000

4 Beds ⋅ 3 Baths ⋅ ACTIVE Status

Don't miss this opportunity to own two homes on one lot in the highly sought after community of Lake Balboa! Includes large, newly renovated 3 bedroom and 2 bath house with fully permitted 1 bedroom ADU. Perfect for large families, or live in one and rent out the other to supplement your mortgage. Both properties have their own addresses and are permitted for separate electric and gas meters. The traditional 3 bedroom, 2 bath home has beautiful modern finishes, offers central AC and heat, newer flooring and fully renovated bathrooms & kitchen. Main house has all new stainless steel appliances. Large landscaped front and back yards with recently added sprinklers. No expense was spared in renovating this house. The ADU is 1 bedroom and 1 bath with a living area,full kitchen, and separate bedroom, AC/heat, and dishwasher. Main house is tenant occupied but will be delivered vacant on 12/1/2026

17209 Stagg St, Van Nuys

Courtesy of The Agency, Marcus Kassin - CA DRE#01216904

$1,025,000

3 Beds ⋅ 2 Baths ⋅ ACTIVE Status

A warm, character-filled single-level home on a quiet cul-de-sac in Lake Balboa, offering nearly 2,000 square feet, 3 bedrooms, 2 baths, and a generously sized den/office with the potential to be converted to a 4th bedroom. :: The floor plan simply works. The living room, dining area, and eat-in kitchen connect with an easy, natural flow that feels both comfortable and functional. :: And the character is special. A gorgeous travertine entry, rich Brazilian chestnut hardwood floors, and an original Palos Verdes stone fireplace give the living room warmth and personality. :: The eat-in kitchen features newer cabinetry and stainless-steel appliances, with a separate dining area overlooking the backyard. The spacious primary suite includes a walk-in closet. Both bathrooms have been recently refreshed with new vanities, countertops, sinks, fixtures, and shower doors. Fresh interior paint in many areas adds a clean, updated feel. :: Big-ticket improvements include dual-pane windows, copper plumbing, an updated electrical panel, a bolted foundation, an EV charger, and a 25-panel solar system. The attached two-car garage connects directly to the home for everyday convenience. :: Then there's the backyard. Private, lush, and wonderfully established, with mature trees, layered greenery, an orange tree, plenty of space to gather, and a covered patio made for long dinners and evenings outdoors. The Valerio House is a true Southern California retreat. 3 bedrooms + flexible den/office | Nearly 2,000 SF | Cul-de-sac | Single level | Private yard | Solar | EV charger | Attached 2-car garage

16750 Valerio St, Lake Balboa

Courtesy of Equity Union, Allison Gold - CA DRE#01865934

$1,000,000

3 Beds ⋅ 3 Baths ⋅ ACTIVE Status

Beautifully maintained Lake Balboa home on an approximately 10,907 sq ft lot double lot. Featuring 2 bedrooms plus a versatile den, 2.5 bathrooms, spacious living areas, updated kitchen, hardwood floors, solar panels, and central HVAC. The private backyard offers mature landscaping and multiple patios for entertaining. Prime location near Lake Balboa Park, shopping, dining, Costco, and the 405. Call or text for a private showing today!

15719 Vose St, Los Angeles

Courtesy of EstateX inc., Hosh Maha - CA DRE#02131447

$1,195,000

3 Beds ⋅ 3 Baths ⋅ ACTIVE Status

A RARE, FULLY VACANT TWO-RESIDENCE INCOME PROPERTY WITH PROJECTED COMBINED RENT OF APPROXIMATELY $7,390 PER MONTH. No existing tenants, no existing leases, and no waiting for units to become available. The next owner can select tenants, establish rents, and put both residences to work immediately. Offered at $1,195,000 with projected annual gross income of approximately $88,680, the investment calculates to a 13.48 pro forma GRM and an estimated 5.2% pro forma cap rate based on projected rents and expenses. The property combines a substantially renovated 2-bedroom, 2-bath main residence with a permitted, NEW-CONSTRUCTION 1-bedroom, 1-bath ADU with private access and its own outdoor area. The main residence also features a former third bedroom with a closet, now configured as a flexible work, office, den, or podcasting space, an especially useful feature for today's work-from-home lifestyle. Major improvements include plumbing, electrical, HVAC, sewer to ADU, tankless water heater, pool finish, landscaping, gates, driveway, and more. Projected rents are approximately $4,895/month for the main residence and $2,495/month for the ADU. The seller may be willing to install utility submetering as negotiated with the buyer. Additional features include a private swimming pool, multiple outdoor areas, and off-street parking for up to three vehicles. For an investor, this is an opportunity to acquire two improved residences completely vacant and establish a rental program from a clean slate. For an eligible owner-occupant, the property may also offer the opportunity to live in one residence, rent the other, and explore low-down-payment FHA or VA financing, with qualifying ADU income potentially considered by the lender, subject to applicable program requirements. Projected rental income, NOI, GRM, and cap rate are pro forma estimates only and should be independently verified by the buyer and their agent.

7530 & 7532 Gaviota Ave, Los Angeles

Courtesy of Epique Realty, Roddy de la Garza - CA DRE#01995374

$965,000

4 Beds ⋅ 3 Baths ⋅ ACTIVE Status

This sweet property on Enadia Way in Lake Balboa offers a rare combination of flexibility, privacy, and income potential. In the front part of the lot sits a single-family house while the back area features a permitted ADU. The charming 3-bedroom, 2-bath home has a back covered patio, fenced-yard, and inside laundry room; while the 1-bedroom, 1-bath ADU has a patio, fenced-yard and stacked washer/dryer. The home is situated on a quiet cul-de-sac near the Van Nuys/Lake Balboa border, within an established, tree-lined neighborhood that offers convenient access to the 405, valley airports, shopping, dining, recreation (golf), and other amenities. The approximately 1,268-square-foot front home has central HVAC, two fireplaces, and was recently painted and reroofed. The back one-bedroom house is cooled/heated by a mini-split HVAC system and provides private access from the driveway. The property is thoughtfully configured for independent living, with separately metered electricity and utility infrastructure, allowing each household to pay its respective utilities. The lot is approximately 5,500-square-feet and the two residences provide separation for individualized living while also the benefit of rental income, room for extended family or guests, or the opportunity to maintain both residences as income property. With individual addresses plus privacy the ideal setup has been created for an owner-occupant seeking supplemental rental income. Both residences are currently tenant-occupied, providing immediate income for an investment buyer. The front residence was recently leased ($3,321), and the ADU is currently occupied on a month-to-month basis ($1,818). The property has maintained consistent occupancy throughout the sellers' ownership after purchasing it as their LA home. Private group showings of the single-family can be scheduled with a minimum of 48-hours' notice. Photos are digitally enhanced/staged.

15905 Enadia Way, Los Angeles

Courtesy of Christie's International Real Estate SoCal, Susan K. Sanford - CA DRE#01965277

$799,000

3 Beds ⋅ 1 Baths ⋅ ACTIVE Status

Welcome to 6531 Hayvenhurst Avenue, a charming and recently upgraded 3-bedroom, 1-bathroom home offering approximately 1,126 square feet of living space in the desirable Lake Balboa neighborhood, just steps from Lake Balboa Park. One of the lowest-priced homes in Lake Balboa, this well-maintained property features hardwood flooring, abundant natural light, and ceiling fans throughout.The updated kitchen offers white cabinetry, stone-style countertops, stainless-steel appliances, and modern flooring, while the renovated bathroom features a contemporary vanity and updated finishes. A dedicated laundry area with a washer and dryer provides added convenience.The spacious backyard includes a large patio area, mature trees, and a separate detached garage or accessory structure with potential for parking, storage, a workspace, or future use, subject to buyer verification and applicable approvals. The property will be delivered vacant, presenting an excellent opportunity for an owner-user or investor. Buyer to conduct their own due diligence and independently verify all property details.

6531 Hayvenhurst Ave, Los Angeles

Courtesy of Lyon Stahl Investment Real Estate, Inc., David Saghian - CA DRE#01992252

$1,100,000

4 Beds ⋅ 3 Baths ⋅ ACTIVE Status

This stunning, beautifully updated home is nestled on a tree-lined street in one of Lake Balboa's most sought-after neighborhoods. From the moment you step through the custom front door, you'll appreciate the exceptional pride of ownership and thoughtful attention to detail throughout. The inviting, open floor plan features wood laminate flooring, recessed lighting, dual-pane windows, smooth ceilings, crown molding, and oversized baseboards. The spacious kitchen offers abundant cabinetry and storage, while the updated bathrooms include a newer remodeled primary bath. Generously sized bedrooms, a large laundry room with ample storage, and comfortable central heating and air conditioning add to the home's everyday appeal. Additional upgrades include copper plumbing and an owned solar system. The private backyard is a true retreat, beautifully landscaped and designed for both relaxation and entertaining. Enjoy the serene koi pond, soothing spa, and charming two-story playhouse complete with a slide. The oversized concrete driveway provides plenty of parking and leads to the stunning, newer constructed, one-bedroom ADU, featuring a full kitchen and its own separate address, offering excellent potential for rental income, guests, extended family, or a private workspace. The home is also equipped with an electric vehicle charging station. Conveniently located near schools, premier shopping and dining, public transportation, the Orange Line, an off-leash dog park, a public golf course, and easy access to the 405 and 101 freeways, this exceptional Lake Balboa property offers the perfect blend of comfort, style, convenience, and versatility.

7426 Caldus Ave, Los Angeles

Courtesy of Keller Williams Hollywood Hills, Andrea Leflere - CA DRE#01381899

$1,150,000

4 Beds ⋅ 3 Baths ⋅ ACTIVE UNDER CONTRACT Status

Welcome to this lovely home in the highly desirable Lake Balboa neighborhood. The main house features 3 bedrooms, 2 baths, a large living room with cathedral ceilings, wood burning fireplace, over-sized formal dining room, office/den plus an enclosed sunroom which is perfect as a playroom or additional workspace. The eat-in kitchen has newer stainless steel appliances, granite countertops, and a breakfast bar with a pass through to the dining room, tile flooring plus the laundry area. Sleeping quarters include a primary bedroom suite with bath and walk-in closet, two lovely guest rooms and a full bath. In 2023 the garage was converted into a one bedroom ADU complete with efficiency kitchen, large living room, bath with glass enclosed shower, and washer/dryer hookups. Great for extended family or additional income. Solar panels are owned, low electricity bill, security shades on all of the main house windows. Grassy backyard with a solid wood pergola to dine al fresco or relax, listen to music and read a book! Close to Lake Balboa, the dog park, local shopping and dining.

6443 Graves Ave, Lake Balboa

Courtesy of Sotheby's International Realty, Darcy Kaye - CA DRE#01322432

$849,000

3 Beds ⋅ 2 Baths ⋅ ACTIVE Status

8015 Aldea Ave is a 1-story Los Angeles home built in 1952 with three bedrooms and two bathrooms across 1,340 square feet. The kitchen includes stainless steel appliances, a tile backsplash, and ample cabinetry with counter space for meal preparation. The main living area features wood-look flooring and a sliding door that brings in natural light and connects to the outdoors. Each bedroom offers carpeted flooring, and the bathrooms provide a vanity with a combined tub and shower for daily use. A fully fenced backyard with a concrete patio and a laundry room add everyday utility, while a two-car garage completes this well-maintained residence with practical amenities throughout every room. Included 100-Day Home Warranty with buyer activation

8015 Aldea Ave, Los Angeles

Courtesy of Opendoor Brokerage Inc., Lisa Soltesz - CA DRE#02280080

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